Property Management
Under Minnesota landlord-tenant law, the maximum security deposit for a residential unit is:
AOne month's rent
BTwo months' rent (or equivalent) if no pets✓ Correct
CThree months' rent
DThere is no statutory limit
Explanation
Minnesota Statute 504B.177 limits the security deposit to no more than the equivalent of one month's rent for most residential units unless the tenant has pets, in which case an additional pet deposit may be charged.
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